WASHINGTON (AP) — Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union’s second largest export industry after energy — gold. Read More
LAUNCESTON — The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for the polluting fuel has been upended by Russia’s invasion of Ukraine. Read More
(Bloomberg) — A group of countries including Italy are pushing to water down a key element of the European Union’s climate agenda: phasing out the combustion engine by the middle of the next decade. Read More
SYDNEY — Australia’s second-biggest appliances chain said on Tuesday it was pausing a trial of facial recognition technology in stores after a consumer group referred it to the privacy regulator for possible enforcement action. Read More
SINGAPORE — Oil prices extended gains on Monday as investors stood on guard for any moves against Russian oil and gas exports that might come out of a meeting of leaders of the Group of Seven (G7) nations meeting in Germany. Read More
SHANGHAI — China stocks rose on Monday, with tourism and consumer sectors leading the gains, as Shanghai’s top party boss declared victory over COVID-19 after the city reported zero new local cases for the first time in two months. Read More
LAUNCESTON — Iron ore prices have slipped for three straight weeks, with the decline reflecting an evaporation in confidence over China’s economic stimulus, which in turn threatens to hit demand for the steel raw material in coming months. Read More
Several explosions took place early on Sunday in the Shevchenkivskiy district of the Ukrainian capital Kyiv, the city’s mayor Vitali Klitschko said on the Telegram messaging app. Read More